A development site located at 674-696 Livonia
Avenue in Brooklyn’s East New
York neighborhood was sold in an all cash transaction valued at
$3,450,000. The 20,000 sq. ft., corner to corner lot is ideally
located just two blocks from the busy intersection at Livonia and Pennsylvania
Avenues and within close proximity of major amenities such as public
transportation, shopping centers, public schools and houses of worship. The
sales price represented $172.50 per square foot signifying the highest price
paid for a development site of this size in Brownsville or East New
York and proving that there is still a market for well located
development sites.
Neighborhoods: Brownsville, East New York